Swiss alternative investment manager RMF Investment Group has acquired a minority shareholding in Absolute Capital Group, an Australian alternative investment advisory firm. While Absolute Capital’s current focus is hedge funds, there is a clear intention to expand into the field of private equity, extending RMF’s reach into the Asia Pacific region.
As part of the deal, RMF will provide investment research and hedge fund due diligence to support the portfolio construction process and product development initiatives of Absolute Capital going forward. The firm will also offer its expertise in the private equity market as and when Absolute expands its activities.
RMF manages over $8 billion in hedge funds, private equity and credit strategies. Absolute Capital is already in the process of redesigning its structure to align with RMF.
Rainer-Marc Frey, CEO of RMF, said: “Absolute Capital is a specialist like us and we share common values which are a competitive advantage when doing business on the other side of the world.” He added that Absolute Capital was an ideal partner to reach into the Asia Pacific region effectively.